Borr Drilling (BORR) director Tor Olav Troim purchases 1.5M common shares
Rhea-AI Filing Summary
Tor Olav Troim, a director of Borr Drilling Ltd, reported a purchase of 1,500,000 Common Shares on August 13, 2026 at $4.0245 per share. The shares are held indirectly through Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which he is the beneficiary.
Following this transaction, indirect holdings total 28,685,941 Common Shares. He also holds 81,867 Common Shares directly, including 54,545 restricted stock units that vest in full on September 30, 2026, conditional on his continued service as a director; each RSU represents a contingent right to receive one common share.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 1,500,000 shares
Net Buy
2 txns
Insider
Troim Tor Olav
Role
Director
Bought
1,500,000 shs ($6.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares F1 | 1,500,000 | $4.0245 | $6.04M |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 28,685,941 shares (Indirect, By Drew Holdings Ltd.);
Common Shares — 81,867 shares (Direct)
Footnotes (2)
- F1. Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
- F2. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.
Key Figures
Shares purchased: 1,500,000 Common Shares
Purchase price per share: $4.0245
Indirect holdings after transaction: 28,685,941 Common Shares
+2 more
5 metrics
Shares purchased
1,500,000 Common Shares
Non-derivative purchase on August 13, 2026
Purchase price per share
$4.0245
Price paid for each Common Share purchased on August 13, 2026
Indirect holdings after transaction
28,685,941 Common Shares
Indirectly held through Drew Holdings Ltd. following the reported purchase
Direct holdings after transaction
81,867 Common Shares
Directly held, including RSUs, after the reported transactions
Restricted stock units
54,545 RSUs
RSUs vesting in full on September 30, 2026, each for one common share
Key Terms
restricted stock units, non-discretionary trust, indirect ownership, Form 4
4 terms
restricted stock units financial
"Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-discretionary trust financial
"Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust"
indirect ownership financial
"total_shares_following_transaction: 28,685,941.0000, direct_or_indirect: I"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Borr Drilling (BORR) director Tor Olav Troim report in this Form 4?
He reported a purchase of 1,500,000 Borr Drilling Common Shares on August 13, 2026 at $4.0245 per share, held indirectly through Drew Holdings Ltd., which is owned by a non-discretionary trust where he is the beneficiary.
What restricted stock units (RSUs) does Tor Olav Troim hold in Borr Drilling (BORR)?
His direct holdings include 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditional on his continued service as a director. Each RSU represents a contingent right to receive one common share upon vesting.
Were the Borr Drilling (BORR) transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan. There is no footnote stating that the 1,500,000-share purchase was executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
